Side-by-Side Comparison
| Metric | Forma | palm.hr |
|---|---|---|
| Founded | ||
| Founded | 2017 older | 2018 |
| Headquarters | ||
| Headquarters | San Francisco, United States | Saudi Arabia |
| Employees | ||
| Employees | 226 larger | 39 |
| Industry | ||
| Industry | Enterprise Software, Health Care, Health and Wellness | Information Technology, Human Resources |
| Funding Stage | ||
| Funding Stage | Series B | Series A |
| Total Funding | ||
| Total Funding | $57.62M | $5.75M |
| Funding Rounds | ||
| Funding Rounds | 4 | 4 |
| Services | ||
| Services | Not tracked yet | Centralized People Data, Automated Payroll, Performance Tracking, Talent Management, Document and Asset Management, Time Tracking, HR Outsourcing Services |
| Target Customers | ||
| Target Customers | Not tracked yet | Businesses in the Middle East, Companies Seeking HR Digitalization, Organizations Needing HR Automation, Firms with International Payroll Needs |
| Taxonomy | ||
| Taxonomy | Flexible Benefits Platform, Employee Wellbeing, Health Benefits, Lifestyle Benefits, Program Customization, HR Automation, Vendor Integration, Global Benefits Programs, Benefits Marketplace, Analytics And Insights, Member Experience, Benefits Stipend, Preferred Pricing, Workplace Wellness, Employee Experience | HRMS, Payroll Automation, Compliance With Saudi Law, HR Process Automation, Employee Wellbeing, HR Efficiency, Time Attendance, Vacation Tracking, Employee Self Service, Wage Protection System, Employee Engagement, Compensation Management, Document Management, Performance Management, Talent Management |
| Website | ||
| Website | joinforma.com | palmhr.net |
About Forma
Forma, founded in 2017 and headquartered in the United States, is an innovative player in the intersection of Enterprise Software, Health Care, Health and Wellness, and Human Resources. Their core offering—a life benefits platform, branded under their slogan “Benefits that flex to fit™”—empowers com...
About palm.hr
palm.hr is a dynamic startup founded in 2018, specializing in Information Technology and Human Resources. Headquartered in Saudi Arabia, the company specifically caters to the unique HR needs of the Middle East region, ensuring compliance with Saudi labor laws while automating HR processes to minimi...
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Funding, hiring, leadership and stack changes at Forma and palm.hr — by email.
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Compiled from the BounceWatch company index. We last looked at Forma on 4 Aug 2025, and palm.hr on 12 Feb 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.